Treatment of long term capital gain
This query is : Resolved
17 August 2015
I have incurred a Long Term Capital Loss of Rs. 48000 on sale of shares on which STT has been paid. I want to know whether this can be carried forward to future years and also where this LTCL should be shown in the ITR 2, i.e. whether it shown in B3 of the Schedule CG or in Sl.No.3 of Schedule EI of the ITR.
I am of the opinion that it should be shown in Sl.No.3 of Schedule EI of ITR which however allows only positive figures, i.e. LTCG only.
Can any one please clarify????
I am of the opinion that it should be shown in Sl.No.3 of Schedule EI of ITR which however allows only positive figures, i.e. LTCG only.
Can any one please clarify????
17 August 2015
Long term capital gain on sale of shares is exempted. So this loss can't be carried forward. No need to enter such loss in ITR.
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